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Written by 4:43 pm Blog

Investor Alert: Nuverra Environmental Solutions

Have you suffered losses investing in Nuverra Environmental Solutions 9.875% 04/15/2018 Bonds? If so, The White Law Group may be able to help.

According to their website, Nuverra Environmental Solutions, Inc. (OTCQB: NESC) specializes in providing environmentally compliant and sustainable solutions to a national footprint of customers who demand the highest level of environmental compliance and accountability from their service providers.

Nuverra announced March 11th, 2016 that is has entered into a privately negotiated Restructuring Support Agreement with holders of more than 80% of the Company’s unsecured Senior Notes Due 2018 to initiate a proposed debt restructuring plan intended to improve liquidity, defer cash interest expense, and preserve value for common stock shareholders.

Nuverra has taken this action in response to the current low commodity price environment for crude oil and natural gas, which has significantly impacted the Company’s revenues and liquidity as customer activities have dramatically slowed, according to a press release.

High-yield bonds—also called non-investment-grade bonds, speculative-grade bonds, or junk bonds—are bonds that are rated below investment grade, typically ‘BB’ or lower by Standard & Poor’s and ‘Ba’ or lower by Moody’s. They pay high yields to bondholders because the borrowers credit ratings are less than pristine, making it difficult for them to acquire capital at an inexpensive cost. Junk bonds carry an above average risk that the issuer will default on the bond. The increased risk makes them arguably unsuitable for many investors.

If you suffered losses investing in Nuverra Environmental Solutions 9.875% 04/15/2018 Bond offering and would like to speak to a securities attorney to discuss your litigation options, please call the securities attorneys of The White Law Group at 888-637-5510 for a free consultation.

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee.

For more information on the firm, visit www.WhiteSecuritiesLaw.com.

Tags: , , , , , , , , Last modified: September 26, 2023